State Budget Sources Guide and Budget Practice Report Card
State Budget Sources
State Budget Sources: An Annotated Guide to State Budgets, Financial Reports, and Fiscal Analyses is a resource published by the Volcker Alliance designed to help public officials, policy advocates, journalists, academics, and concerned citizens fully understand the critical fiscal decisions that governors and legislators must make. The guide includes the links below to budgets for this state as well as legislative analyses of budget bills and treasurers’ or comptrollers’ monthly state cash-flow statements; capital spending plans; reports on public-worker pension funding and returns; and reports by local and national fiscal research organizations, bond rating firms, and associations of state fiscal and finance officials.
Executive and Other Constitutional Finance Offices
Transparency site from the governor’s office, with sections on spending and revenue.
Current and past budget documents, as well as budget process information.
Comprehensive annual financial reports, budget stabilization fund information, actuarial valuations, and a variety of budget and finance reports mandated by the Legislature.
Also known as the state rainy day fund, a cash reserve.
Multiple resources, including financial disclosures, actuarial reports, annual reports, and comprehensive investment and debt information.
Analyzes state budget and tax issues, with a focus on low- and moderate-income people; part of the State Priorities Partnership, a network of state organizations coordinated by the Center on Budget and Policy Priorities.
Comprehensive and frequently updated watch on Massachusetts’ finances and budget; member of the Governmental Research Association and of the National Taxpayers Conference.
Research organization with policy emphasis but with forays into budget and finance issues, including public retirement systems; member of the Governmental Research Association; part of the State Policy Network of state-focused, free market-oriented think tanks.
State Budget Report Cards
The report cards found here contain grades of the state's budgetary practices during the fiscal years of 2015 through 2019. Each state received marks in five critical categories, based on their adherence to best practices in several key budgeting indicators. The five categories covered methods used to achieve budgetary balance as well as how budgets and other financial information are disclosed to the public.
States received grades of A to D-minus (there are no “failed states”) for their procedures in estimating revenues and expenditures; their use of one-time actions to balance budgets; how they oversee and use rainy day funds and other fiscal reserves; the adequacy of their funding of public worker retirement and other postemployment benefits; and the quality of transparency of budget and related financial information. The grades are based on research conducted by public finance and budgeting professors and students at eight US schools of public administration or policy. The universities’ research efforts were augmented by Volcker Alliance staff, data consultants at Municipal Market Analytics, and special project consultants Katherine Barrett and Richard Greene.
Select a State Below to View State Report Cards and Budget Sources
- National Organizations and Federal Agencies
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia